" Global Gunshot Detection System Market Global Industry Trends & Forecast to 2029 "

 

The Global Gunshot Detection System Market was valued at USD 659.34 million in 2021 and is expected to reach USD 1519.47 million by 2029, registering a CAGR of 11.00% during the forecast period of 2022-2029.

Gunshot Detection System Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Increase in Incidences of Gun Firing

The increase in the incidences of gun firing, especially on school premises, leading to the installation of various security measures, such as alerting authorities and warning people in close proximity regarding the location of the shooting acts as one of the major factor driving the growth of market.

  • Investment in Border Security

Government of various regions have been continuously investing in border security over the years as these systems assist border security forces to avert and detect any infiltration, illegal immigration and smuggling attempts.

 Increase in Terrorist Activities

The increase in the number of terrorist activities and hostilities globally further influence the market. Thus, the rise in the procurement of defense equipment by prominent militaries and use of gunshot detection systems by law enforcement agencies also assist in the expansion of the market.

Opportunities

Furthermore, rise in the importance of gunshot detection systems in smart cities extend profitable opportunities to the market players in the forecast period of 2022 to 2029.

Restraints/Challenges

On the other hand, the high cost associated with the installation of gunshot detection system in cities and technological issues in integration with command and control systems are expected to obstruct market growth.

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Market Analysis and Size

According to credible statistics, an estimated 2,000 people worldwide get injured by gunshots every day, and 500 people are reported dead due to gun violence every day. Thus, the government of various regions have been continuously investing in border security over the years.

Global Gunshot Detection System Market was valued at USD 659.34 million in 2021 and is expected to reach USD 1519.47 million by 2029, registering a CAGR of 11.00% during the forecast period of 2022-2029. Commercial is expected to witness high growth in the application segment owing to the increased demand for security in futuristic smart cities.

 

Global Gunshot Detection System Market Scope and Market Size

The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Solution

  • System
  • Saas

Application

  • Commercial
  • Defense

System

  • Outdoor
  • Indoor

Installation

  • Fixed Installations
  • Vehicle Mounted
  • Soldier Mounted

 

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Competitive Landscape and Gunshot Detection System Market

Some of the major players operating in gunshot detection system market are

  • SST Inc. (US)
  • 1 SHOOTER DETECTION SYSTEMS (US)
  • Acoem. (Frnace)
  • BATTELLE MEMORIAL INSTITUTE (US)
  • Louroe Electronics (US)
  • Tracer Technology Systems, Inc. (US)
  • 1 Safety Dynamics, Inc. (US)
  • Databuoy Corporation (US)
  • Rafael Advanced Defense Systems Ltd. (Israel)
  • IAI (Israel)
  • Microflown AVISA (Netherlands)
  • V5 Systems. (US)
  • Raytheon Technologies Corporation (US)
  • QinetiQ Group plc (US)
  • Rheinmetall AG (Germany)
  • EAGL Technology, Inc.

 

MAJOR TOC OF THE REPORT

Ø  Chapter One: Intoduction

Ø  Chapter Two: Market Dynamics

Ø  Chapter Three: Market Analysis

Ø  Chapter Four: Market Scope & size

Ø  Chapter Five: Weapon Market

 

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